Automated Systems Holdings Limited — Proxy Solicitation & Information Statement 2001

Apr 25, 2001

(Incorporated in Bermuda with limited liability)

(website: http://www.chinaonline.com.hk)

(investor relation website: http://www.irasia.com/listco/hk/chinaonline)

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Board Room, 7th Floor, The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong on Friday, 1 June 2001 at 10:00 a.m. for the following purposes:-

1. To receive and consider the Audited Financial Statements and the Reports of the Directors and Auditors for the year ended 31 December 2000.

2. To declare final dividends.

3. To re-elect Directors and authorise the Directors to fix their remuneration.

4. To re-appoint Auditors and authorise the Directors to fix their remuneration.

5. To transact any other business.

By Order of the Board

Fung Ching Man, Ada

Company Secretary

Hong Kong, 24 April 2001

Notes:

(i) Any member of the Company entitled to attend and vote at a meeting of the Company or a meeting of the holder of any class of shares in the Company shall be entitled to appoint another person as his proxy to attend and vote instead of him. A proxy need not be a member of the Company. A member may appoint more than one proxy to attend on the same occasion.

(ii) The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing, or if the appointor is a corporation, either under seal, or under the hand of an officer or attorney duly authorised.

(iii) The Register of Members will be closed from Tuesday, 29 May 2001 to Friday, 1 June 2001, both days inclusive, during which period no transfer of shares will be effected. In order to qualify for the proposed final dividends, all share certificates with completed transfer forms either overleaf or separately, must be lodged with the branch share registrars of the Company in Hong Kong, Tengis Limited at 4th Floor, Hutchison House, 10 Harcourt Road, Central, Hong Kong for registration not later than 4:00 p.m. on Monday, 28 May 2001.

(iv) Registered and unregistered holders of Warrants who wish to exercise their subscription rights to receive shares which will qualify for the proposed final dividends must lodge the relevant Warrant Certificates and/or the relevant Instruments of Transfer and subscription forms duly completed and accompanied by the requisite subscription monies with the branch share registrars of the Company in Hong Kong, Tengis Limited at 4th Floor, Hutchison House, 10 Harcourt Road, Central, Hong Kong for registration not later than 4:00 p.m. on Monday, 28 May 2001.

(v) The instrument appointing a proxy and the power of attorney or other authority, if any, under which it is signed or a notarially certified copy of that power or authority shall be deposited at the branch share registrars of the Company in Hong Kong, Tengis Limited at 4th Floor, Hutchison House, 10 Harcourt Road, Central, Hong Kong not less than forty-eight hours before the time for holding the meeting or adjourned meeting at which the person named in such instrument proposes to vote, and in default the instrument of proxy shall not be treated as valid.

Please also refer to the published version of this announcement in the Hong Kong i-mail and Hong Kong Economic Times.